Search Minerals Inc. (TSX.V: SMY) (OTC: SHCMF) announced the results of its annual general meeting held May 29, 2026, where shareholders approved all matters presented. The approved items included the election of directors Rohan Hazelton, Michael Pearson and Diane Poole, the reappointment of Mao & Ying LLP Chartered Accountants as auditor, and the ratification of the company’s 10% rolling stock option plan. Management stated that the outcome reflects shareholder confidence as Search Minerals advances development of its Foxtrot and Deep Fox rare earth deposits and continues work on its Direct Extraction Process technology.
The shareholder approval comes at a critical time for the company, which is focused on finding and developing Critical Rare Earth Elements (CREE), Zirconium (Zr) and Hafnium (Hf) resources within the emerging Port Hope Simpson – St. Lewis CREE District of South-east Labrador. Search Minerals controls a belt 64 km long and 2 km wide that is road accessible, on tidewater, and located near three local communities. The company has completed a preliminary economic assessment report with resource estimates for Foxtrot and Deep Fox. Additionally, Search is working on four exploration prospects along the belt: Fox Meadow, Silver Fox, Fox Run and Awesome Fox.
The company has continued to optimize its patented Direct Extraction Process technology with support from the Department of Energy and Mines, Government of Newfoundland and Labrador, and from the Atlantic Canada Opportunity Agency. Search has completed two pilot plant operations and produced highly purified mixed rare earth carbonate concentrate and mixed REO concentrate for separation and refining. This technology is central to the company’s strategy to become a key supplier of rare earth elements, which are critical for various high-tech and green energy applications.
The annual general meeting results indicate that shareholders are aligned with the company’s direction and leadership. The election of Rohan Hazelton, Michael Pearson and Diane Poole to the board ensures continuity of experienced oversight. The reappointment of Mao & Ying LLP as auditor maintains financial accountability, while the ratification of the stock option plan provides a tool to incentivize management and employees.
Search Minerals is led by a proven management team and board of directors, positioning the company to capitalize on the growing demand for rare earth elements. The company’s assets in Labrador are strategically located, providing logistical advantages. As global supply chains for critical minerals face disruptions, Search Minerals’ progress in advancing its deposits and extraction technology could play a significant role in meeting future demand.
This news story relied on content distributed by InvestorBrandNetwork (IBN). Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is Search Minerals Shareholders Approve Board, Auditor and Stock Option Plan.